BRICS Tether

Cuban Leader Emphasizes BRICS’ Alternative Value in Global Affairs

that is dominated by developed western countries. He praised the BRICS countries – Brazil, Russia, India, China, and South Africa – for their commitment to promoting multilateralism, economic cooperation, and inclusive development.

Speaking at the 13th BRICS summit in Brasília, President Díaz-Canel highlighted the significance of this alliance in challenging the hegemony of developed nations and fostering a more balanced global economic system. He emphasized that BRICS has emerged as a powerful force with the potential to reshape the existing world order and give a voice to developing countries.

The Cuban President lauded the efforts of BRICS in promoting South-South cooperation and strengthening ties among member nations. He commended the group for their commitment to reducing inequalities and narrowing the development gap between regions. President Díaz-Canel stressed that BRICS countries have shown remarkable resilience in the face of global challenges, such as the economic downturn, trade wars, and geopolitical tensions.

Furthermore, President Díaz-Canel underscored the importance of multilateralism in addressing common global issues. He highlighted that BRICS serves as a platform for its member countries to exchange ideas, collaborate on common concerns, and find joint solutions. The Cuban President reiterated the need for cooperation and dialogue to tackle pressing issues such as climate change, poverty eradication, and healthcare accessibility.

Taking note of the economic significance of the BRICS countries, President Díaz-Canel highlighted their potential to drive global economic growth and stability. He mentioned that the combined GDP of these nations accounts for almost a quarter of the world’s economy. He emphasized the importance of leveraging this economic power to strengthen international trade, investment, and technological cooperation.

President Díaz-Canel also emphasized the need for fair representation and inclusivity within international institutions. He pointed out that the global economic order should not be dictated solely by developed nations and that emerging economies should have a greater say in decision-making processes. The Cuban President stressed the importance of reforming international financial institutions to ensure greater transparency, inclusivity, and representation for all nations.

In conclusion, President Díaz-Canel’s address at the BRICS summit highlighted the group’s significance as an alternative to the dominant international economic order. He praised BRICS for its commitment to multilateralism, economic cooperation, and inclusive development. The Cuban President emphasized the potential of the BRICS countries to reshape the existing global economic system and provide a platform for developing nations to voice their concerns. He underscored the importance of South-South cooperation, multilateralism, and fair representation within international institutions. President Díaz-Canel’s remarks highlighted the need for continued collaboration among BRICS countries to address common global challenges and drive economic growth and stability.

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